East 57th Street Partners的动态

Too many firms struggle to understand project-level PL. And by the time they have the data (which is commonly a manual effort), the PL insights are outdated. #projectmanagement #projectaccounting #jobcosts #accountsreceivable

Forecasting project margins is crucial for professional services firms as it gives important insights for better financial management and decision-making. By accurately predicting project margins, firms can... ? Enhance financial planning ? Manage risks ? Optimize resource allocation ? Inform strategic decisions ? Maintain client relationships In a new blog (linked below), we outline 10 ways resource management software helps you accurately forecast project margins. #BigTime #BigTimeForesight #Foresight #ProfessionalServices #PSA #ProjectMargins #ResourceManagement #PSO #FinancialManagement #ProfessionalServicesAutomation #Architecture #Accounting #Consulting #AccountingServices #ITservices

Top professional services firms outperform others by HUGE margins. Data from SPI Research shows the top 20% highest performing services firms are 59% more profitable, with 31% higher revenue per billable consultant. AND have 25% fewer project overruns! ...so what's their secret to performing at such a high level? Certinia RVP Seleen McKinnies shares the answer on our blog!

?? Why IT Financial Management (ITFM) is Crucial for Modern Enterprises ?? In today’s technology-driven world, IT is more than just a cost center—it’s a strategic investment. IT Financial Management (ITFM) plays a critical role in helping organisations manage their technology spend while maximising the value they derive from IT investments. Here’s why ITFM is so important: ?? Cost Transparency & Accountability ITFM provides detailed insights into IT spending, helping organizations understand exactly where their money is going. This level of transparency fosters better decision-making, allowing IT leaders to justify expenditures and show how technology investments contribute to business success. ?? Budget Optimization & Cost Control ITFM enables companies to allocate budgets more effectively, focusing resources on high-value initiatives. It helps organisations avoid overspending by identifying cost-saving opportunities, such as optimising cloud services or eliminating redundant systems. ?? Maximizing ROI on IT Investments By aligning IT spending with business goals, ITFM ensures that every dollar invested in technology delivers measurable value. Whether it’s improving operational efficiency, enhancing customer experiences, or enabling innovation, ITFM helps companies achieve a higher return on investment (ROI). ?? Strategic Planning & Forecasting With ITFM, organisations can take a more proactive approach to financial planning, using data-driven insights to forecast future IT needs. This allows for better long-term planning and ensures that the IT strategy is aligned with the company’s overall financial objectives. ?? Risk Mitigation & Financial Compliance A robust ITFM process helps organisations manage financial risks by ensuring that IT investments are compliant with regulations and governance standards. It minimises the chances of unexpected financial surprises, ensuring smoother operations. IT Financial Management is not just about controlling costs—it’s about driving value from IT, optimizing resources, and enabling business growth. Organizations that implement strong ITFM practices are better positioned to innovate, scale, and stay competitive in today’s digital world. #ITFM #ITFinancialManagement #ITStrategy #BusinessValue #CostOptimisation #ITBudgeting #FinancialTransparency #DigitalTransformation

?????????????????? ?????? ???????? ???? ???? ????????????????????: ???????? ???????? ?????????????? ??????????????????????? ???????????????? ?????????????? As we conclude our IT Service Management (ITSM) series, we thank you for your active participation in our poll. Your engagement has provided valuable insights into the core challenges of IT outsourcing and has enabled us to showcase robust solutions that can significantly enhance business operations. Here’s a recap of the transformative benefits IT outsourcing brings to your table: ? ??????????????????: Gain instant access to top-tier IT professionals and advanced systems, ensuring quality without the overhead of in-house teams ? ???????????????? ??????????????: Flexibly scale your IT services to meet demand, backed by full-time, year-round support from certified experts ? ???????? ???????????????? ??????????: Reallocate your resources to primary business goals, knowing your IT needs are expertly handled. This exploration is just the beginning of redefining your IT strategy to fully leverage the potential of outsourcing. Embrace the opportunity to transform your IT challenges into stepping stones for enhanced operational efficiency and growth. ?????????? ?????? ?????? ???????? ????????????????????. Your participation has been invaluable, and we’re excited to support you as you turn these insights into action. Our services include: ? Accounting, Bookkeeping & Financial Reporting? ? Managed IT Services Your Next Step - Let’s embark on this transformation together, with BDO Solutions as your trusted outsourcing partner in IT excellence. ?? Read the full case study on: https://lnkd.in/dgBCQDY8 Book a session with our team at +230 460 9999 or [email protected] ????

Visibility is crucial for modern contractors, as it provides structure, risk mitigation, and control over project finances. However, many software packages in the market fail to address these needs adequately. IFS solutions address this gap by offering tools that ensure projects are completed on time, on budget, and at high quality, thus contributing to the overall success of the business. #IFSCloud's integrated dashboards provide you with a clear view of your financials, project status, risks, resource allocation, and other critical data. With a single source of truth, you can monitor progress, identify bottlenecks, and make informed decisions to keep your projects on track. Read more here from Wyre Solutions to learn how #IFS offer comprehensive visibility into project finances, risks, and performance, enabling contractors to effectively manage their projects and achieve success in the construction industry. ? https://ifs.link/MCrWX4 #WyreSolutions #TheBig6 #Construction #Engineering #ERPVisibility

Learn more here about how increasing your grant management acumen can help position your organization for a successful grant experience and dollar use.

Visibility is crucial for modern contractors, as it provides structure, risk mitigation, and control over project finances. However, many software packages in the market fail to address these needs adequately. IFS solutions address this gap by offering tools that ensure projects are completed on time, on budget, and at high quality, thus contributing to the overall success of the business. #IFSCloud's integrated dashboards provide you with a clear view of your financials, project status, risks, resource allocation, and other critical data. With a single source of truth, you can monitor progress, identify bottlenecks, and make informed decisions to keep your projects on track. Read more here from Wyre Solutions to learn how #IFS offer comprehensive visibility into project finances, risks, and performance, enabling contractors to effectively manage their projects and achieve success in the construction industry. ? https://ifs.link/6w7Bme #WyreSolutions #TheBig6 #Construction #Engineering #ERPVisibility

It’s more important than ever to have a robust framework in place for effective decision- making on capital projects. Do reach out if you’d like to understand more about the work we have done in this area

Learn more here about how increasing your grant management acumen can help position your organization for a successful grant experience and dollar use.